Worth Peripherals Ltd
Worth Peripherals Ltd, incorporated in 1996 is a manufacturer of corrugated boxes. Its manufacturing facility is located in Indore, Madhya Pradesh. The facility is basically divided in two units. Unit I manufactures the partitions for corrugated boxes and Unit II manufactures the corrugated boxes themselves. The facility is a fully automated unit and is equipped with automated machines and programmable logic centres(PLC). The PLCs optimize the manufacturing process due to which raw material losses are minimized.
Worth Peripherals Ltd is an environmentally conscious company. All its products meet the relevant FSC Standards by Rainforest Alliance. This is an advantage as increased awareness in being environmentally friendly and many organizations supporting the Go Green campaign the demand for FSC certified products will increase.
Worth Peripherals Ltd owns a fleet of trucks to make sure their products are delivered timely. Due to this, the company has won awards and recognition by the likes of Parle and Hindustan Unilever.
OBJECTS OF THE ISSUE:
- Purchase of plant and machinery
- Repayment/Prepayment of borrowings awailed by the company
- Funding the working capital requirements
- General corporate purposes
PROMOTERS OF THE COMPANY:
Raminder Singh Chadha
Amarveer Kaur Chadha
As on 19-Sep-2017 18:15:00 IST
|Total Issue Size||4251000|
|Total Bids Received||193869000|
|Total Bids Received at Cut-off Price||11772000|
|No. of times issue is subscribed||45.61|
(will be updtaed after the issue is complete)
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